About this Property
Rare investment and redevelopment opportunity in the heart of Downtown Hollywood. This mixed-use commercial property offers investors and developers multiple potential strategies in one of South Florida's rapidly evolving urban districts.The existing property provides an attractive value-add opportunity with the potential to increase occupancy, lease available space, enhance rental income and improve overall NOI through active management and repositioning.For developers, the property's RC-2 (Historic Retail Core) zoning provides an opportunity to evaluate future redevelopment and mixed-use potential. RC-2 permits a variety of commercial uses and multifamily residential above the ground floor, subject to applicable City requirements and approvals.Ideally positioned near Young Circle and surrounded by the continued redevelopment of Downtown Hollywood, the property offers an opportunity to acquire an existing income-producing commercial asset with potential long-term redevelopment upside.Property is being offered As-Is. Buyers and their representatives are responsible for independently verifying zoning, permitted uses, development rights, density, FAR, height, parking requirements and all other information with the City of Hollywood and applicable governmental authorities.
Disclaimer
MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Home-C International Realty LLC.